Showing 1 - 10 of 115
cause Brazil's agricultural area to expand by 27%, but this expansion can be avoided if the EU and the US offer a CTA …
Persistent link: https://www.econbiz.de/10014544671
Teacher value-added (VA) measures how teachers improve their students' contemporaneous test scores. Many teachers, however, argue that contemporaneous test scores are a poor proxy for their permanent influence on students. This paper considers a new VA measure -- 'long-run VA' -- that captures...
Persistent link: https://www.econbiz.de/10012794583
Groundwater is a key resource for agricultural production globally. Increasingly rapid aquifer drawdowns--as well as the policies intended to increase their sustainability--increase costs to agricultural producers, with unknown consequences. This paper provides the first large-scale empirical...
Persistent link: https://www.econbiz.de/10012510584
This paper demonstrates how a central bank might operationalize an expanded role inclusive of managing risks from environmental pollution. The analysis introduces the green interest rate (rg) which depends on temporal changes in the pollution intensity of output. This policy instrument...
Persistent link: https://www.econbiz.de/10012585375
space heating, water heating, and electric vehicles under actual pricing versus setting price at SMC. We find that moving …
Persistent link: https://www.econbiz.de/10012616566
Electric vehicles are declining in cost so rapidly that they may claim a large share of the vehicle market by 2030. This paper examines a set of practical regulatory design considerations for fuel-economy standards or greenhouse gas standards in the context of highly uncertain electric vehicle...
Persistent link: https://www.econbiz.de/10012599357
Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and...
Persistent link: https://www.econbiz.de/10013210110
Investor concerns about climate and other environmental regulatory risks suggest that these risks should affect corporate bond risk assessment and pricing. We test this hypothesis and find that firms with poor environmental profiles or high carbon footprints tend to have lower credit ratings and...
Persistent link: https://www.econbiz.de/10013191088
century. First, air and water pollution have declined substantially, although greenhouse gas emissions have not. Second …, environmental policy explains a large share of these trends. Third, much of the regulation of air and drinking water pollution has … benefits that exceed costs, although the evidence for surface water pollution regulation is less clear. Fourth, while the …
Persistent link: https://www.econbiz.de/10012696387
Pricing carbon emissions from a jurisdiction could harm the competitiveness of local firms, causing the leakage of emissions and economic activity to other regions. Past research concentrated on national carbon prices, but the impacts of subnational carbon prices could be more severe due to the...
Persistent link: https://www.econbiz.de/10012479153